An Unexpected Change in Gold’s Seasonal Trading Pattern

fine-gold
Here at the outset, I want to share with you an interesting observation we made last week of gold’s seasonal trading pattern. As you can see in the chart below, based on data provided by Moore Research Center, the five-year pattern, represented by the orange line, is diverging from the longer-term trends.
NYSE:GLD May 15, 2017 1:16pm

Oil Surges On OPEC Extension News, But Will The Deal Work?

oil drum
From Tyler Durden: Goldman Sachs, which has been pushing for higher oil prices with seemingly daily bullish research reports for the past month, and which underwrote the last Saudi Arabian bond issue and is expected to also manage the Aramco IPO (explaining the bank's conflict of interest), released a note commeting on the latest development in the oil market, which sent the price of crude higher by 3% after Saudi and Russia oil minister agreed to extend the OPEC production cuts by another 9 months through the end of Q1 2018.
NYSE:UCO

Why Oil Should Be Priced Between $60 And $70

oiltanker
From Dan Steffens: Before we get into this topic, let me remind readers that crude oil prices are determined on the global market and natural gas & natural gas liquids (“NGLs”) trade on regional markets. The vast majority of upstream oil & gas companies produce a mixture of these three commodities.
NYSE:USO

Silver’s Correction Could Be Nearing Its End

Image of a silver bar
From Keith Weiner: If you can believe the screaming headline, one of the gurus behind one of the gold newsletters is going all-in to gold, buying a million dollars of mining shares.
NYSE:SLV

Was Last Week’s Oil Crash Inevitable?

oil600X300
From Kent Morris: Late last week, crude oil prices took a nose dive. WTI (West Texas Intermediate, the benchmark crude rate for futures contracts in New York) declined 4.8 percent on Thursday, fueled by massive overnight (and overseas) sell-offs. That translated into a 7.7 percent dive for the week to date.
NYSE:USO May 14, 2017 7:14am

How To Profit From Oil’s Next Big Crash

Image of oil drums
From Mike Burnick: Way back in October, my colleague Larry Edelson accurately called the fate of OPEC’s efforts to depress oil production as well as lift oil prices.
NYSE:SCO May 13, 2017 7:05am

Oil Volatility Rises As OPEC Discusses Production Cut Extension

oil600X300
From Brian Noble: "Well he would say that, wouldn’t he,” said Mandy Rice Davies at the time of the Profumo scandal, 1963.
NYSE:USO May 12, 2017 6:35am

What Comes Next For Oil & Gas ETFs?

oil drum
From Zacks: Which market sector outperformed all others in 2016? Knowing which sector has been hot could point to where you should invest in 2017.
NYSE:XOP

United States Natural Gas ETF Surges On Strong EIA Data

Image of blue stove flame
The United States Natural Gas Fund, LP (NYSE:UNG) was on the rise Thursday, after EIA data indicated a smaller-than-expected inventory build-up.
NYSE:UNG May 11, 2017 12:35pm

Gold Miners Nearing A Bullish Turnaround?

gold-mine-tunnel
From Sean Brodrick: The trading action in gold and silver has been bad in the past month. The action in miners and explorers has been worse.
NYSE:GDX

Crude Oil Snaps Down Trend, Suddenly Looks Bullish Here

Image of an oil derrick with blue sky
From Corey Rosenbloom: After a horrid intraday downtrend collapsed price from $54.00 to $45.00 per barrel, Crude Oil finally snapped the downtrend with an impulsive breakout today.
NYSE:USO

SPDR Gold Trust ETF In Focus As India’s Gold Imports Surge

gold reserves
The SPDR Gold Trust ETF (NYSE:GLD) has had a rough past few weeks, but India's massive jewelry market is doing its part to put a floor under gold prices.
NYSE:GLD May 10, 2017 2:35pm

Commodity Fundamentals Offer Hope Of A Speedy Recovery

commodities
From Invesco: 2017 has been challenging for commodities, which are down more than 9% on the year as of May 5, 2017.1 In the first week of May, commodity markets experienced heightened volatility in the wake of rising US crude oil output and expectations of a recovery in Libyan production. Copper and iron ore prices have also retreated on renewed concerns about Chinese demand.
NYSE:DBC

Why Gold’s Decline Could Be Bad News For Stocks

gold-nuggets
From Sprott Money: Gold and silver have been sold down pretty hard since April 18th. But the structure of the weekly Commitment of Traders report, which shows the long and short positions of the various trader classifications (banks, hedgers, hedge funds, other large investment funds, retail) had been flashing a short term sell signal for the last few weeks. The net short position of the Comex banks and the net long position of the hedge funds had reached relatively high levels.
NYSE:GLD

Recommended for You

Explore More from ETFDailyNews.com

Free Daily Newsletter

Get daily ETF insights from our market experts. Never miss another important market development again!

ETFDailyNews.com respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories